Category: Oil And Gas
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Aidan Heavey to serve as Tullow Group Chairman
Founder and current CEO of Tullow Oil Aidan Heavey is to take up the position of chairman of the Tullow group. The move is however subject to approval by shareholders through a vote on its next AGM which is slated for 26 April, 2017. A statement from Tullow on the matter said ”Mr. Heavey’s tenure…
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Boakye Agyarko’s nomination for Energy Ministry apt- ACEP
The financial experience of Boakye Agyarko is good for the current state of Ghana’s energy challenges—this is a verdict from the African Center for Energy Policy (ACEP) on the nomination of Mr. Agyarko for the position of Energy Minster by President Nana Akufo-Addo. Mr. Agyarko is described as a successful banker, having worked as a…
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Dumsor must stay in the past – President Akufo Addo
President Nana Akufo-Addo has charged the Minister nominee for the Energy Ministry, Boakye Agyarko, to work to avert dumsor permanently. According to the President, Mr. Ayarko’s major challenge upon approval by Parliament, would be to prevent a power crisis. “What he has to do is to assure the Ghanaian people that dumsor is going to…
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Boakye Agyarko nominated for Energy Ministry
President Nana Addo Dankwa Akufo-Addo has named Boakye Agyarko as the Minister for Energy, subject to parliamentary approval. Mr. Agyarko was a Policy Advisor for the 2016 campaign team of the New Patriotic Party(NPP). He is a successful banker, having worked as banker in New York for several years. He has also worked as an…
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Govt must stock fuel to avert power crisis- ACEP
The African Center For Energy Policy (ACEP) has called for pragmatic steps to stock fuel in order to power the nation’s thermal plants to avert a power crisis in the near future. According to the group, Ghana already has enough capacity but currently requires the financial strength to acquire more fuel to produce stable power.…
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Merge TOR, BOST for efficiency – Dr. Manteaw to NPP
Some industry watchers have made a strong case for the new government to merge the management of the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company (BOST) if it is to be efficient in the petroleum downstream sector. In their view, the merger will among others cut down cost and facilitate…
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Review special petroleum tax levy- COPEC
The Chamber of Petroleum Consumers(COPEC) has called on government to review the special petroleum tax levy. This they say will clamp down on the constant increase of fuel prices. Prices of some petroleum products went up by between 8 and 11 percent for the first pricing window in January, with many describing the development as…
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TOR faces threats from Dangote’s refinery if … – MD
The outgoing Managing Director of the Tema Oil Refinery (TOR),Kwame Awuah Darko, has urged his successor to pursue expansion drive and increase the competitiveness of the refinery. He argues TOR could lose its economic potential if plans are not implemented to strengthen the current benefits accruing to the company. Mr. Awuah-Darko’s suggestions follow plans by…
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Fuel prices increase by about 11%
Prices of some petroleum products have gone up by 11 percent for the first pricing window in January. Checks by Citi Business News indicate that the price of a litre of petrol has gone up between 8 and 11 percent while the same quantity for a litre of diesel has gone up between 9 and…
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Ghana on course to become energy sufficient – President Mahama
President John Mahama has touted his administration’s achievement in what he describes as a major turnaround in the country’s power sector. According to him, the increased generation capacity and a relative stable supply system has lessened the plight of consumers recently. The President made the remarks when he gave his final State of the Nation…